Plan Features
JEEVAN UMANG PLAN (945) FEATURES
Product Summary
Jeevan Umang ( 945 ) is a non-linked, with-profits whole life assurance plan with guaranteed survival benefits at the rate of 8% of the sum assured after premium paying term, through out life. Bonus at a differential rate is available even after the premium paying plan in this plan. Sum Assured along with bonus and final additional bonus is paid at death or maturity ( which ever is earlier ).
Premium Payment Mode :
Yearly, Half Yearly, Quarterly, Monthly(SSS and NACH)
Annuity Mode
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Optional Benefits
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Term :
100 - Age at entry
Premium Paying Term :
15 Year, 20 Year, 25 Year, 30 Year
Minimum Age at Entry :
90 days completed
Maximum Age at Entry :
55 Years (nbd) of PPT 15, 50 Years (nbd) of PPT 20, 45 Years (nbd) of PPT 25, 40 Years (nbd) of PPT 30.
Annuity Options
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Minimum Purchase Price
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Deferment Period
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Joint Annuity
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Maximum Cover Ceasing Age:
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Maturity Age:
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Sum Assured
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Maturity Benefit
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Death Benefit
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Minimum Basic Sum Assured :
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Minimum age at the end of Premium Paying Term
30 Years ( Nearest Birth Day )
Maximum Maturity Age :
-
Minimum Premium:
-
Maximum Premium:
-
Minimum Basic Sum Assured :
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Sum Assured on Death
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Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
-
Guaranteed Additions
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Survival Benefits
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Riders Available
ADDB/AB, Critical Illness Rider, Term Rider, Premium Waiver Benefit (for minors).
Accidental Death and Disability benefit (ADDB) :
Available up to age 70.
Policy Benefits
On Death :
Sum Assured on death + vested bonus + FAB
On Survival :
8% of sum assured shall be paid every year till 100 years of age and on surviving the period, Sum Assured + Vested Bonus + FAB shall be paid
On detection of Early Stage Cancer
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On detection of Major Stage Cancer
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​Settlement Option :
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Multiple Allowed
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Surrender Value :
Policy can be surrendered at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Loan :
Loan can be availed at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Income Tax Benefit :
Premium paid under the policy is eligible for Tax rebate under section 80C. Maturity benefit under this policy is tax free under section 10 (10 D) of income tax act.
Proposal Form :
From No 300 for major lives and Form No 360 for minor lives.